Navi Sandhu Navi Sandhu

Demand for multifamily new construction has not waned. Preferred equity and structured debt capital providers are hungry for new multifamily construction deals in markets throughout the country. Century West Partners and Fifield Cos. have projects in Los Angeles, Chicago, Miami and Minneapolis, and has seen strong interest for multifamily construction deals un both urban core and mid-rise product types.

“In terms of preferred equity and structured debt, we are still seeing a lot of appetite for that type of capital,” Navi Sandhu of Century West Partners and Fifield Cos., tells “This is coming from debt funds and it is high-leverage capital going from 80% to 90% of the capital stack. It gets expensive, but these investors are willing to take a little bit more risk and not make equity returns. We do see a lot of interest from those types of providers across all of our projects.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.